Smith & Nephew PLC (LON:SN) has bought Ceterix Orthopaedics for $50 million, with a further $55 million over the next five years, based on performance. Ceterix Orthopaedics is the developer of the NovoStitch® Pro Meniscal Repair System, a unique device allowing surgeons to repair complex meniscal tear patterns. Brad Cannon, President...

Royal mail buys Dicom Canada

Royal Mail have bought Canadian parcel delivery company, Dicom Canada, for approximately £213 million. Dicom Canada, based in Montreal, Quebec employs 1,400 people and provides business-to-business parcel services across Canada, especially in the Eastern Canadian provinces of Ontario and Quebec.  'Capture higher growth segments outside Europe' Rico Back, Chief Executive Officer, Royal...

Dunhelm sales up by 9%

Dunhelm, one of the UK’s largest homeware retailers, have reported a 9 per cent increase in like-for-like sales for the last quarter. Store revenue increased by 5.7% to £246 million, with online sales up by 37.9% to £36 million. The overall growth for the group was 2.0%, reflecting the closure...
Drive for 'pace and simplicity' results in 4600 UK job cuts Rolls Royce have announced the next stage in their 'drive for pace and simplicity', resulting in the loss of 4600 UK jobs over the next 24 months. According to Rolls Royce's official statement, this is to create a 'simpler, leaner and more...
Debenhams has reported a dramatic drop in pre tax profit of 85% for the six month period to 3 March 2018 to £13.5m. The retailer has blamed a mixture of a change in shopping habits of its customers and the extreme weather brough about by the 'beast from the...
Princess Yachts, one of the UK's largest luxury yacht manufacturers, has recorded a record year with turnover of £340m, an increase of 24%. In the year to 31 December 2018, operating profit was up a massive 173% at £29.8m. Antony Sheriff, executive chairman of Princess Yachts, said: "I am really...
JD Sports has made an offer to buy clothing and shoe retailer Footasylum for £90.1 million. JD, which acquired approximately 18.7 per cent of Footasylum in February this year, now seeks to takeover the company and has offered to pay 82.5 pence a share. Founded in 2005, Footasylum...
Halma PLC (LON: HLMA) has bought Rath Communications, a provider of emergency communication in the USA, for £32.6 million. Halma, the leading safety, health and environmental technology group, will make Rath Communications part of the Group's Infrastructure Safety Sector. Andrew Williams, Halma's Chief Executive, commented: "Rath extends Halma's safety communications...
Housebuilder Bellway expects total revenue to rise by over 12% to almost £1.5 billion, as demand for affordable new homes remains strong. Bellway expects the number of housing completions to rise by 5.6% to 5,007, with the average selling price rising by 6.5% to £293,800. Despite Brexit uncertainty, demand...
Marks and Spencer have announced the next tranche of UK stores proposed for closure as it reshapes its UK store estate in line with its target to take at least a third of sales online. M&S plan to close over 100 stores by 2022, including 21 that have already closed...
Investor Times
error: Content is protected !!